UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): November 15, 2004



                      CHAMPIONSHIP AUTO RACING TEAMS, INC.
             (Exact name of registrant as specified in its charter)



Delaware                             1-13925                      38-3389456
(State or other                    (Commission                  (IRS Employer
jurisdiction of                    File Number)              Identification No.)
incorporation)



                         5350 Lakeview Parkway South Dr.
                             Indianapolis, IN 46268
             (Address of principal executive offices, with zip code)


       Registrant's telephone number, including area code: (317) 715-4196








ITEM 8.01. OTHER EVENTS AND ITEM 7.01. REGULATION FD DISCLOSURE

On November 15, 2004, Championship Auto Racing Teams, Inc. issued a press
release announcing that it has filed its 10-Q for the third quarter ended
September 30, 2004. A copy of the press release is attached hereto as Exhibit
99.1 and is incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

The following exhibits are incorporated by reference as part of this Report:

Exhibit                    Description
-------                    -----------
99.1                       Press release dated November 15, 2004


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized on this 15th day of November, 2004.

                      CHAMPIONSHIP AUTO RACING TEAMS, INC.


                            By: /s/ Thomas L. Carter
                                --------------------
                                Thomas L. Carter
                             Chief Financial Officer